ASTANA, August 19, 2025 — The National Bureau of Statistics has reported that Kazakhstan’s annual Consumer Price Index (CPI) held steady at 11.8% in July, unchanged from June. The persistent rate highlights ongoing price pressures within the economy.
Food Price Inflation Accelerates
In July, food prices surged significantly, with year-on-year inflation rising to 11.2%, up from 10.6% in June.
Regional Food Price Variations
The increase in food prices varied across regions:
- The highest rise was in the Akmola region at 14.0%.
- Almaty city experienced the smallest increase at 8.8%.
- The national average for food prices increased from 10.6% to 11.2%.
Non-Food Prices Slightly Higher
Non-food inflation edged up to 9.5%, from 9.4% in June. The Abai region saw a substantial rise at 12.2%, while the Pavlodar region had a more modest increase at 7.0%, indicating economic disparities.
Service Inflation Cools Notably
In July, the inflation rate in paid services decreased to 14.9%, down from 16.1% in the previous month. The Mangistau region recorded the lowest rate at 9.3%, highlighting regional pricing differences.
Monthly CPI Increase Slows
From June to July, Kazakhstan’s CPI rose by 0.7%, a slight slowdown from the 0.8% increase previously recorded. This deceleration may signal easing short-term inflationary pressures, even as annual rates remain high across major sectors.
Economic Stability and Monetary Policy
The persistently high inflation presents challenges for Kazakhstan’s monetary authorities, particularly concerning interest rate management. Central bank officials are closely monitoring inflation trends.
Maintaining economic stability is crucial as inflation remains near double digits. Future monetary policy will depend on whether the cooling trend in service prices continues.
As a result of rising costs, households and businesses across Kazakhstan are adjusting, significantly affecting purchasing power and consumption patterns nationwide.
